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Binance lays off employees days after executive exodus

LUS QuestionsCategory: OthersBinance lays off employees days after executive exodus
Jeremy Hervey asked 7 months ago

“It’s important to note that recent regulatory actions are aimed at ensuring that companies operating in the cryptocurrency industry are complying with securities laws and protecting investors – this will always be their goal,” said Joshua Chu, group chief risk officer at blockchain technology firms XBE, Coinllectibles and Marvion.

Two-year Treasury yields, which are extremely sensitive to monetary policy expectations, were little changed at around 4.53% in Tokyo after a 3 basis-point (bp) decline by the New York close.

The 10-year yield edged up to 3.73% after tumbling 7 bps overnight.

Conclusion
Cryptocurrency exchange, particularly daily trading, is a market that has only recently started to mature. In this market, you should never think to yourself, “I’ve learned everything there is to know” or “I’m certain about what I did.” Even the most experienced traders can run into unforeseen market conditions.

It’s natural for a newcomer to the market to have thousands of questions on their mind.

BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny.

LONDON, June 6 (Reuters) – The Australian dollar jumped to its highest since mid-May on Tuesday after the Reserve Bank of Australia (RBA) raised interest rates, in a decision that many analysts had said would be a close call between a hike and a pause.

SYDNEY, June 8 (Reuters) – Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures that would limit customer crypto payments.

The broader S&P 500 rose 0.62%.

Its gains put the benchmark index up 20% from its Oct. 12 closing low and heralded the start of a new bull market, at least by the definition of some market participants.

In Asia, data out on Wednesday showed that China’s exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.

The decision comes weeks after Binance Australia told customers they would lose access to Australian dollar deposits and withdrawals because payments provider Cuscal cut access.

The Reserve Bank of Australia was in no mood to hold off, however.

It raised interest rates by a quarter-point on Tuesday to an 11-year high and warned further tightening may be required to ensure that inflation returns to target, boosting the Aussie dollar as markets had been leaning towards a pause.

Probably the most acclaimed exchanging stages are Binance, Bittrex, Cex.io, and so on. The clients at the two finishes of the exchange never need to meet one another, and the installment is led through a sheltered passage which is joined by the trade.

Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.S.

dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalization.

“Oil prices are under pressure… as the glow from Saudi’s supply cut fades and the reality of the sluggish demand backdrop sets in,” noted Victoria Scholar, head of investment at trading firm Interactive Investor.

It also plans to ban ‘refer a friend’ bonuses used to lure novices, with the aim of guiding consumers, who may not understand that crypto is not backed by a central bank, away from a rash decision.

Satoshi Nakamoto’s rebel child is invigorated by the prospect of an ETF that offers investors exposure to spot bitcoin on a regulated U.S.

stock exchange without the hassle of custody.

Separately, the SEC is itself being sued by Grayscale Investment over the regulator’s rejection of Grayscale’s application to convert its flagship spot Grayscale Bitcoin Trust into an ETF.

Soft service sector surveys for May on Monday underlined that idea. A relatively quiet week for U.S.

macroeconomic and market news has investors resting on an assumption the Federal Reserve will skip a rate rise at next week’s policy meeting, while considering one last hike in its campaign next month.

Among commodities, oil prices fell after jumping on Monday following news that the world’s top exporter, Saudi Arabia, would further cut output. Brent lost 0.38% to stand main site at $76.43, and U.S. crude fell 0.33% to $71.91.